How Rent Advances Benefit the Property Management Industry
Description
Rent advances provide a way for landlords to use their rental income for everyday expenses at a fraction of the cost of credit cards or loans.
Tom Smith, co-founder and chief revenue officer of Ryse, joins the podcast to discuss how non-institutional property owners can tap into institutional capital markets for new sources of liquidity using rent advances as an emerging asset class.
Tom also explores how property management companies offer rent advances to differentiate their services, acquire more units, reduce churn, and increase fees, and delves into how these advances can help with emergency repairs when cash on hand isn’t available.
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You can learn more about Tom Smith on LinkedIn, and Ryse on the company’s website.
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